A not well known, substantially undervalued, junior gold Explorer will soon be a Producer.
Oct. 13, 2015 - Antioquia Announces Start-Up at Cisneros with Initiation of Guaico Tunnel and Civil Works, Acquisition of Key Mining Concessions Contiguous with Guayabito Property http://web.tmxmoney.com/article.php?newsid=79844993&qm_symbol=AGD
|Stock Symbols ||TSX-V: AGD and OTCXQ: AGDXF |
|Shares Outstanding ||239,820,422 |
|Warrants Outstanding ||0 |
|Options Outstanding ||11,800,000 |
|Major Shareholder ||61.7% |
Antioquia Gold is a gold exploration and development company that is developing an underground mine at its flagship Cisneros project in Antioquia, Colombia. The mine and processing plant will have an initial 500 tpd capacity and will produce ~30,000 oz/year Au with production commencing in July 2016.
Antioquia Gold has been exploring the Cisneros property since 2007. Cisneros is a high-grade gold deposit with a NI 43-101 compliant mineral resource estimate of 270,000 oz Au in all categories.
"We made a corporate decision that the 270,000 oz Au was sufficient to get a mine of this size started, because to double that resource would have required spending another US$3-5M on exploration, and it probably would have taken another two years to get to that"
Jim Decker, EVP & Director
The Cisneros mine development is undertaken by an experienced management team with backing from the company's strategic partner, Infinita Prosperidad Minera, and Peru's second largest underground gold producer, Consorcio Minero Horizonte, and with responsible social, community and environmental practices.